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NONGFU SPRING launches a new product of Low Stock Price mineral water, intensifying competition in the market.
NONGFU SPRING is launching new products in the mineral water sector, intending to pave the way again with "pricing."
Express News | NONGFU SPRING is about to launch Changbai Mountain mineral water? The official response: in preparation.
Express News | On the same day, NONGFU SPRING established four new companies in Haikou.
In the "Great Action," China International Bank's investment rating and target price for Chinese consumer stocks (table).
China Jinling International published a research report, listing the investment ratings and target prices for Chinese Consumer stocks as follows: Stocks | Investment Rating | Target Price (HKD) BUD APAC (01876.HK) | Buy | 9.4 HKD MENGNIU DAIRY (02319.HK) | Buy | 15.8 HKD CHINA RES BEER (00291.HK) | Buy | 30.1 HKD CHINA RES DRINKS (02460.HK) | Buy | 18.22 HKD NONGFU SPRING (09633.HK) | Buy | 33.2 HKD TINGYI (00322.HK)
In "The Big Action," China International Bank recommends YUM CHINA (09987.HK) and a preferred choice of CSI SWS Food & Beverage index best choice is Kang Shi Fu (00322.HK) and China Resources Beverage (02460.HK).
China International Bank has issued a report indicating a cautiously constructive outlook for the Chinese consumer market in 2025. It believes that the recovery of the consumer market will depend on how effectively the supportive policy schemes introduced by the authorities will be transmitted and the extent of their effectiveness. It predicts that next year, the risk appetite of investors focused on demand will rise, driving a reevaluation of industry value. The bank also noted that market competition is becoming intense, therefore, when selecting stocks, it tends to favor companies with visible earnings growth in their businesses. The preferred choices in the CSI SWS Food & Beverage index are Master Kong (00322.HK) and China Resources Beverage (02460.HK), while in the dining industry, YUM CHINA (09987.HK) is the top choice.
The CSI Consumer 360 index sector is under pressure as MENGNIU DAIRY (02319) falls by 4.59%. Institutions indicate that there is a lag in policy transmission, and the sustainability of consumer recovery remains to be observed.
Jinwu Financial News | The CSI Consumer 360 index Sector is generally under pressure, as of the time of writing, MENGNIU DAIRY (02319) has fallen by 4.59%, CHINA RES BEER (00291) has dropped by 4.13%, NONGFU SPRING (09633) has decreased by 3.31%, and HAIDILAO (06862) has declined by 3.41%. On the news front, Guoyuan International released a Research Report indicating that the consumption market will be weak in 2024, putting pressure on the Sector's fundamentals. After a brief rebound following the government's comprehensive policy rollout at the end of September, the market has retreated. Year-to-date, the Hang Seng Select Consumer Sector has fallen by 13.39%, underperforming the Large Cap; the Hong Kong Stock Shenwan Food & Beverage Index has seen a cumulative decline of 3.7.
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